Maturation of Corporate Governance Research, 1993–2007: An Assessment

Abstract

Manuscript Type: ReviewResearch Question/Issue: This study seeks to investigate whether governance research in fact is a discipline or whether it is rather the subject of multi-disciplinary research. We map the intellectual structure of corporate governance research and its evolution from 1993-2007. Research Findings/Results: Based on the analysis of more than 1,000 publications and 48,000 citations in Corporate Goverance: An International Review (CGIR) and other academic journals, our study identifies the most influential works, the dominant subfields, and their evolution. Our study assesses the maturation of corporate governance research as a discipline; it finds increasing sophistication, depth and rigor, and consistency in its intellectual structure. Theoretical Implications: There is a large body of accumulated corporate governance research in the US, yet there is an empirical gap on cross-national studies in the literature. Furthermore, hardly any of the top cited works undertake their study in a cross-national setting. Thus, corporate governance research and CGIR in its quest to contribute to a global theory of corporate governance might benefit if articles have a cross-national methodological approach and empirical grounding in their research design and if articles explicitly aim at stating the theoretical underpinnings they draw on. Practical Implications: Globalists find in CGIR an outlet addressing economics and finance (e.g., whether and how compensation or dismissal of CEOs is related to board characteristics), management (e.g., whether and how best practice codes adoption is related to board characteristics and performance), and accounting (e.g., whether and how earnings manipulations is related to board characteristics) issues globally.

Bibliometry of the Revista de Biología Tropical / International Journal of Tropical Biology and Conservation: document types, languages, countries, institutions, citations and article lifespan

“…From a scientometric point of view, the USA is generally found to be the leader in all scientific fields and in fields like Corporate 1998 1996 1994 1992 1990 1988 1986 1984 1982 1980 1978 1976 Governance; there is little presence of other regions or cross-national research (Durisin & Puzone, 2009). Nevertheless, this situation is changing in recent years: some Asian countries, and Brazil in Latin America, are beginning to show a significant growth (Sundell & Nazaroff, 2009;Ronda & Guerras, 2010).…”

Análisis de la producción científica sobre Gobierno Corporativo a través de ISI Web of Science

“…De los artículos más citados se puede deducir que los intereses de los investigadores se centran, en primer lugar, en ampliar las investigaciones seguidas por La Porta y otros (1998,1999,2000,2002). Estos autores concentran sus esfuerzos en investigar los mecanismos, principalmente legales, que mejor protegen a los accionistas de las empresas y su relación con el tamaño de la compañía, la estructura de propiedad y la rentabilidad con un enfoque global [Durisin y Puzone, 2009]. Por otro lado, destacan también los artículos que relacionan el valor de la empresa con su gobierno corporativo y por tanto trabajos que miden si existe una recompensa por parte del mercado a un buen gobierno corporativo, como es el caso de Gompers y otros (2003), trabajos que relacionan el tamaño del consejo de administración con el valor de la empresa [Yermarck, 1996] o la compensación de los ejecutivos [Davis, 1991].…”

A festschrift for Graham Ive

“…Currently, case study seems to have been overly relied upon in empirical investigations of construction problems (Chang, 2015). Generally, the maturity of a discipline is gauged by sophistication, depth, rigour, and consistency of arguments and methods (Durisin and Puzone, 2009). To progress construction economics to a higher level, it is imperative for construction economists to demonstrate mastery of rigorous empirical methods.…”